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Nairaland Forum / Nairaland / General / Politics / World Bank Extends $200m Infrastructure Loan To Nigeria (4310 Views)
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World Bank Extends $200m Infrastructure Loan To Nigeria by OAM4J: 10:31am On Aug 02, 2012 |
To help address the huge infrastructure deficit in Nigeria, the World Bank is poised to provide $200 million as a seed fund to set up a Financial Intermediary Loan (FIL) scheme under the Public Private Partnership (PPP) initiative. http://www.thisdaylive.com/articles/world-bank-extends-200m-infrastructure-loan-to-nigeria/121355/ |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by Nobody: 10:45am On Aug 02, 2012 |
What specific "public investment programmes" are being targeted? What is the interest rate and repayment period of the loan? What will be the bidding process for giving out contracts for such infrastructure projects? Who will be responsible for project monitoring and quality assurance? Will the government be providing counterpart funding? When can we expect to feel the benefits of such programmes? How do we know that the "financial intermediaries" will not divert the funds to some unproductive venture? Questions, questions, questions. ![]() |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by Skii(m): 10:47am On Aug 02, 2012 |
These people don't even waste time in their generosity Is this a reward for the current failure of the under-implementation of the budget? |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by OYINBOGOJU(m): 1:12pm On Aug 02, 2012 |
This First world country will never let us out of financial slavery. our leaders too don't think. WTF |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by ebere1712: 1:59pm On Aug 02, 2012 |
Say no to more borrowing ![]() |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by Nobody: 4:10pm On Aug 02, 2012 |
I hate it when a politician begin acting like a military man, GEJ is.......... |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by Nobody: 4:11pm On Aug 02, 2012 |
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Re: World Bank Extends $200m Infrastructure Loan To Nigeria by Nobody: 4:12pm On Aug 02, 2012 |
Why do we keep borrowing from these people? ![]() Nigerian leaders are inept, incompetent, and ridiculously unintelligent smh.. ![]() |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by dasparrow: 4:15pm On Aug 02, 2012 |
Why do our leaders keep borrowing more money? the interest rates alone that the world bank will charge is a killer. Why do our leaders keep making this mistake? Are we not generating enough income to run our affairs without having to borrow money from the world bank? Chei Nigeria! |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by Emulti(m): 4:20pm On Aug 02, 2012 |
Dis na opportunity for those who no get any cash from d fuel subsidy scandal. A commitee wil soon b set up to over see d loan. I jst wish to b among dem! http://www.thisdaylive.com/articles/world-bank-extends-200m-infrastructure-loan-to-nigeria/121355/[/quote] |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by carover: 4:22pm On Aug 02, 2012 |
As usual, the West is providing our leaders with an opportunity for misappropriation of funds. What has past loans achieved? How much of our oil and other revenues have been channeled to infrastructure development? Is there a clear idea of what infrastructure is to be developed? This are questions we know even a 'community bank' will ask before doling out cash as loan. Why is the World Bank not asking these questions? Are they setting us up to cry 'foul' 3 - 12 months down the road when the inevitable happens? I weep for motherland!!! |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by ayoola2002(m): 4:26pm On Aug 02, 2012 |
ebere1712: Say no to more borrowing They will never listen, immediately the money was loan to nigeria, they will regards it as national cake. I pray that this Oyinbo people shd stop this aid to nigeria, let try on our own, atleast we can generate more money on Oil, Gas and Agriculture. |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by BlackBaron: 4:41pm On Aug 02, 2012 |
What rubbish! Halve the disgusting $1.4 million salary of the 360 strong House of Reps and you get $180 million. Cut, snip and trim other exorbitant public officials pay and you get a guaranteed $200 million. At this rate, these peeps are mortgaging the future of the next generation. |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by ayoola2002(m): 4:41pm On Aug 02, 2012 |
carover: As usual, the West is providing our leaders with an opportunity for misappropriation of funds. What has past loans achieved? How much of our oil and other revenues have been channeled to infrastructure development? Is there a clear idea of what infrastructure is to be developed? They knew what they are doing, they want to take us as first class slave. Is it by force? the previous loan has not been paid and they want to add another one. I cry for upcoming generation. |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by Joey82(m): 4:46pm On Aug 02, 2012 |
Surprisingly, we are collecting these loans under the watch of NOI who struggled so hard to get us out of the other debt regime. Why lead us down that path again? 1 Like |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by Chanchit: 4:53pm On Aug 02, 2012 |
Why would sane institution want to borrow Nigeria money....? This same people ranked Nigeria as one of the most corrupt country in the word, and u still want to borrow us that kind of money as if u don't knw what would happen to it... This europeans/Americans call Nigeria third world country, when they are the one really keeping us there, they jst want to wreck this country beyond redemption, and this baboons we call leaders are busy dancing to their tune, when they know what the end result would be, their primary objective is to see how much they can embezzle, later Prince of Kano and NOI will come and tell us they are removing the fuel subsidy.... I'm really tired of this leaders.. |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by nagoma(m): 4:53pm On Aug 02, 2012 |
More estates at home and abroad for the president , his wife and his team of crooks, more new aircraft in presidential fleet, more Jamaican and Brazilian trips. Nothing will go to the common citizen but he has to keep paying the loan for the rest of his life - the next 40 to 50 years on behalf of a clueless president . |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by Elnuk34(m): 5:02pm On Aug 02, 2012 |
No wonder our dearest president said he won't make his asset public. More money for the boys. I pity this country. |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by Elnuk34(m): 5:09pm On Aug 02, 2012 |
Hahaha, can you remember somebody collected 1% of that $30B without us knowing the person till today. Nigeria i hale the. Joey82: Surprisingly, we are collecting these loans under the watch of NOI who struggled so hard to get us out of the other debt regime. |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by trigar12(m): 5:16pm On Aug 02, 2012 |
Mtweeh, they give loans and start asking for big favours from the country. The world bank is for USA alone, warbish |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by bashr8: 5:17pm On Aug 02, 2012 |
[b]To help address the huge infrastructure deficit in Nigeria, the World Bank is poised to provide $200 million as a seed fund to set up a Financial Intermediary Loan (FIL) scheme under the Public Private Partnership (PPP) initiative.[/b]people dont read before they start shouting GEJ. mumu nigerians, you should be bothered about how much the interest rate will be because banks in nigeria offer rates over 20 percent depending , if their interest rate to these private or public firms can be below 10 percent then its a welcome development. also we should be more worried about already rich people and politician accessing it before we the people even get a chance, pls this has nothing to do with GEJ or govt borrowing. |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by mkmyers45(m): 5:28pm On Aug 02, 2012 |
bashr8: [b]To help address the huge infrastructure deficit in Nigeria, the World Bank is poised to provide $200 million as a seed fund to set up a Financial Intermediary Loan (FIL) scheme under the Public Private Partnership (PPP) initiative.[/b]people dont read before they start shouting GEJ. mumu nigerians, you should be bothered about how much the interest rate will be because banks in nigeria offer rates over 20 percent depending , if their interest rate to these private or public firms can be below 10 percent then its a welcome development.Mr Man Re-read what you wrote..does it make sense? Smh at your obvious myopic view |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by chucky234(m): 5:29pm On Aug 02, 2012 |
GEJ and NOI is desperately trying save their blushes for the non implementation of 2012 budget by borrowing as they already squandered the funds mean for the budget,what a disgrace. GEJ borrow N1.2tn between 2011 and March 2012 with nothing to show for yet want to borrow additional $200m,this country is heading for total collaspe. Nigeria will be worst than Greece and Spain put together,I pity for my people. |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by chucky234(m): 5:37pm On Aug 02, 2012 |
bashr8: [b]To help address the huge infrastructure deficit in Nigeria, the World Bank is poised to provide $200 million as a seed fund to set up a Financial Intermediary Loan (FIL) scheme under the Public Private Partnership (PPP) initiative.[/b]people dont read before they start shouting GEJ. mumu nigerians, you should be bothered about how much the interest rate will be because banks in nigeria offer rates over 20 percent depending , if their interest rate to these private or public firms can be below 10 percent then its a welcome development.Who is the mumu here because from what you wrote there your case is beyond mumu. You are talking of 10 percent interest being a welcome development and that makes sense to your senseless brain. Nigeria's debt currently stands at N5.4tn with N1.2tn of that borrowed by GEJ between 2011 and March 2012,can you possibly point to a single project that has been completed between the period 2011 and March 2012? Don't just comment to impress yourself because you will end up selling your stu:pidity in public,its better you read and pass quitely as that will do a lot of good. |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by brownlord: 5:49pm On Aug 02, 2012 |
Okay I don hear, and someone would say Nigeria will get better someday, I just dey laff |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by bashr8: 6:02pm On Aug 02, 2012 |
chucky234: Who is the mumu here because from what you wrote there your case is beyond mumu.READ AGAIN. you have become so obsessed with GEJ that you dont think straight anymore. To help address the huge infrastructure deficit in Nigeria, the World Bank is poised to provide $200 million as a seed fund to set up a Financial Intermediary Loan (FIL) scheme under the Public Private Partnership (PPP) initiative. Head, Legal and Governance, Infrastructure Concession Regulatory Commission (ICRC), Mr. Joe Ohiani, disclosed this at the inaugural ESQ Project Finance Summit, held in Lagos, and stated that some other development finance organisations have also agreed to contribute to the scheme. He added that eligible participating financial intermediaries, particularly commercial banks with Africa Finance Corporation (AFC) as the lead, will lend to qualifying private sector partners in a Public Private Partnership (PPP) project at the financial intermediaries’ risk. |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by mkmyers45(m): 6:16pm On Aug 02, 2012 |
bashr8: READ AGAIN. you have become so obsessed with GEJ that you dont think straight anymore.PPP they say eh? who will bear the risk? gorvernment acting as intermediaries? are they any notable PPP's on ground? Im sure this is not our first 'chopped' loan |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by Sunofgod(m): 6:28pm On Aug 02, 2012 |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by dublinkmy6: 6:31pm On Aug 02, 2012 |
chucky234: can you possibly point to a single project that has been completed between the period 2011 and March 2012?.You (and most posters above) should be asking yourselves that question first, and i don't know why you are limiting it to just 2011-2012,.what of past governments? How did they fare with their budgeted projects? Why the special and unusual focus on Gej's administeration? It's getting quite obvious to me that there is more to this than mere criticism. You guys are the same people complaining that NOI did not release all the budgeted monies for "projects", even though we were explaining that NOI is trying to make sure projects are actually being carried out by releasing more funds for projects that have made use of funds earlier released for it. You guys insist more funds should be released even though previously disbursed funds are yet to be accounted for. Now, i don't understand your grouse when more funds are now being sourced seeing that you guys are/were in support of making more funds available. Is this a deliberate attempt at rubbishing any kind of positive news under this administeration or are you guys just senseless? |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by bashr8: 6:34pm On Aug 02, 2012 |
mkmyers45: PPP they say eh? who will bear the risk? gorvernment acting as intermediaries? are they any notable PPP's on ground? Im sure this is not our first 'chopped' loanthat a good question, let believe these PPPs will be better than when government handled these projects, another big problem might be politicians rushing to register or use their companies to access these funds and these days it seems people are getting away with fraud ,our judiciary is not just performing. |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by mkmyers45(m): 6:40pm On Aug 02, 2012 |
dublinkmy6:The Culprits are Yar'adua (PBUH) and Gej..also NOI should know better, she aint a baby..Dude what fiscal debt reduction framework do we have at hand to tackle long-term debts? Are you saying cutting cuts of gorvernnent is not feasible? |
Re: World Bank Extends $200m Infrastructure Loan To Nigeria by mkmyers45(m): 6:42pm On Aug 02, 2012 |
bashr8: that a good question, let believe these PPPs will be better than when government handled these projects, another big problem might be politicians rushing to register or use their companies to access these funds and these days it seems people are getting away with fraud ,our judiciary is not just performing.Mr there are no infastructural PPP at the moment that are capable of such..but of course the loan won't be returned. |
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